Avondale Partners Downgrades Aspen Technology (AZPN) to Underperform

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Go back to Avondale Partners Downgrades Aspen Technology (AZPN) to Underperform

Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal Year 2016

August 11, 2016 4:05 PM EDT

BEDFORD, Mass.--(BUSINESS WIRE)-- Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, today announced financial results for its fourth quarter and fiscal year ended June 30, 2016.

AspenTech reported a solid fourth quarter and fiscal year 2016, said Antonio Pietri, President and Chief Executive Officer of AspenTech. We saw strong demand among our owner-operator customers during the quarter, including a significant upsell and a large renewal with two of the top oil and chemicals companies in the world. These transactions show the value we deliver for... More